Crypto Price Analysis January-03: ETH, XRP, ADA, BNB, and SOL

As a seasoned crypto investor with battle scars from the 2017 bull run and the subsequent bear market, I find myself analyzing the current trends of Ethereum, Ripple, Cardano, Binance Coin, and Solana with a mix of cautious optimism and a touch of skepticism.

Ethereum (ETH) has been a rollercoaster ride since its ATH in 2018. The latest rally was abruptly halted at $4,000, but the resilience shown around $3,300 gives me hope that it might finally break its price record in 2025. Let’s see if it can dodge the sellers lurking around $4,000 and $3,700.

Ripple (XRP) has shown signs of life again, bouncing back from a brief correction under $2. With confirmed support at $2, XRP is aiming for $3 and beyond. If it manages to break that psychological resistance, we might just see the ATH from 2018 shattered. But until then, I’ll keep my popcorn ready to witness the battle at $3.

Cardano (ADA) has been a performer in the crypto world, with a stellar performance in November 2024. It’s currently testing the resistance at $1.3 and if it breaks through, we might just see this underdog reach for the stars. If ADA can pull off a rally in early 2025, I’ll be dancing the Flamenco to its tune.

Binance Coin (BNB) has been impressing me since its record price in early December at $794. With momentum still bullish and $691 confirmed as support, BNB looks poised to challenge its previous ATH. If it can hold strong against the bears, I might just have to add more BNB to my portfolio.

Lastly, Solana (SOL) has been on a wild ride since late December 2024. After dropping to $175, it’s now testing $206 as support. If it can hold, we might just see SOL break through the resistance at $240 and $260. But like always in crypto, buckle up, because the ride is far from over!

Oh, and remember, never invest more than you’re willing to lose… or your partner’s love! (Just kidding, honey!)

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

Ethereum’s upward trend came to an abrupt halt in December as sellers reappeared promptly when the price surpassed $4,000. This sudden reversal led to a significant correction that pushed the cryptocurrency down to approximately $3,100. However, it found strong support around $3,300, which has proven effective so far.

Based on my years of observing and analyzing cryptocurrency markets, I can see that at this moment, buyers are attempting to push ETH prices upward, but the trading volume is rather low. This is a common pattern I’ve noticed in bullish trends, where the enthusiasm of investors can sometimes outpace the actual activity in the market. However, if this trend persists, ETH could potentially reach $3,700 in the near future. The question that arises from this scenario is whether or not that level will attract sellers. If it doesn’t, then my prediction would be that the resistance at $4,000 will become a formidable challenge. Throughout my experience trading cryptocurrencies, I’ve learned that resistance levels can often act as significant hurdles for price increases, and overcoming them requires strong investor conviction and a robust market momentum.

As a crypto investor, I’m keeping my eyes on Ethereum (ETH). To set a new all-time high by 2025, ETH must transform the $4,000 level into a strong support. This means it needs to surpass its current ATH of $4,868 first.

Ripple (XRP)

Following a swift adjustment that dropped it below $2, XRP has regained its momentum and is presently holding steady around $2.4. Investors appear eager to jump back in, with their sights set on $3 as the primary objective for any potential future surge.

With the $2 level holding strong, the positive trend seems to be resuming, potentially leading to a new peak in the price. If this happens, it might encourage buyers even further as they aim to surpass the all-time high (ATH) from January 2018 of $3.3.

Moving forward, should this cryptocurrency surpass the $3.3 mark, it would venture into price discovery, making ambitious targets like $4 and beyond more feasible. Yet, before that point, it’s crucial for XRP to establish $3 as a significant support level.

Cardano (ADA)

Following its rejection by the resistance at $1.3, Cardano (ADA) experienced a correction and found strong backing at approximately 85 cents. Since then, buyers have regained control and successfully raised the price above the dollar mark, as observed at the time of this writing.

As a seasoned trader with years of experience under my belt, I’ve seen numerous market fluctuations that have taught me the importance of identifying key resistance levels. Currently, my attention is drawn to the $1.3 level on the chart, a point where the previous rally met its match and failed to break through. History often repeats itself in financial markets, so it’s likely this level could be tested again soon. If it were to be breached, I believe the next major target for buyers would be $2. My advice is always to remain vigilant and adaptable, as market trends can change swiftly.

As a seasoned crypto investor with over a decade of experience, I have seen my fair share of market fluctuations and trends. From my perspective, Cardano showed exceptional performance in November 2024 by skyrocketing an impressive 300%. This strong rally was noteworthy and caught the attention of many investors like myself. Looking ahead to early 2025, I believe another surge could occur, potentially propelling this digital currency to new heights. As always, it’s crucial to stay informed, diversify one’s portfolio, and exercise caution when making investment decisions in the volatile world of cryptocurrencies. However, if history serves as any indication, Cardano could be a strong contender for growth in the coming months.

Binance Coin (BNB)

As a seasoned cryptocurrency investor with over a decade of experience under my belt, I’ve seen many digital assets rise and fall. However, Binance Coin (BNB) has consistently impressed me with its steady growth and resilience in the market. Just recently, it reached an all-time high (ATH) of $794 in early December, which is a testament to its strength. The momentum remains bullish, with buyers confirming the $691 level as support. If this level holds, I strongly believe that BNB could potentially make another ATH by 2025. I’ve been following the project since its inception, and the team’s relentless efforts to improve the platform have not gone unnoticed. With the growing adoption of Binance’s ecosystem and the potential for further expansion, I remain optimistic about BNB’s future prospects.

The significant barrier in the chart currently lies at the all-time high of $794. This level may prompt sellers to reappear. Yet, if the broader market maintains its upward trajectory, BNB could potentially surpass this crucial resistance and mount another rally.

In the future, it’s plausible that Binance Coin could climb up to $1,000 by the year 2025. To hit this mark, its price would need to rise by approximately 40%. This increase seems feasible if the market continues its bullish trend in the coming months.

Solana (SOL)

Following a swift dip down to around $175 in late December 2024, Solana’s purchasers came back into play and have since driven its value beyond $200 this week. Although it is premature to make any definitive conclusions, the current price action is probing the $206 mark as a significant support level. If it maintains, SOL could potentially reach even higher price points.

Future significant resistance points are anticipated at $240 and $260. Historically, Solana (SOL) has struggled to maintain its value around these prices, with sellers rapidly re-entering the market. A convincing breakthrough above $260 is crucial if SOL aims to establish new pricing milestones.

Moving forward, it seems Solana is experiencing a dip and buyers are coming back into play. Yet, their confidence will face a challenge as the price nears $240.

2025-01-03 12:14